Daily Archives: March 9, 2018

NAIROBI (Reuters) – U.S. Secretary of State Rex Tillerson canceled scheduled events on Saturday on the second day of a visit to Kenya because “he is not feeling well”, a State Department spokesman said.

MANILA (Reuters) – The Philippine foreign minister hit back on Saturday at the United Nations’ human rights chief for issuing “irresponsible and disrespectful” comments about President Rodrigo Duterte, warning that such remarks could set a dangerous precedent.

Canada has a reputation for being a relatively progressive state with universal, single-payer health care, various other social benefits, and strict gun laws, similar to many European countries but quite unlike the United States. It has managed to stay out of some American wars, for example, Vietnam and Iraq, portrayed itself as a neutral “peace keeper”, pursuing a so-called policy of “multilateralism” and attempting from time to time to keep a little independent distance from the United States.

Behind this veneer of respectability lies a not so attractive reality of elite inattention to the defence of Canadian independence from the United States and intolerance toward the political and syndicalist left. Police repression against communist and left-wing unionists and other dissidents after World War I was widespread. Strong support for appeasement of Nazi Germany, overt or covert sympathy for fascism, especially in Québec, and hatred of the Soviet Union were widespread in Canada during the 1930s. The Liberal prime minister, William Lyon Mackenzie King, hobnobbed with Nazi notables including Adolf Hitler, and thought that his British counterpart Neville Chamberlain had not gone far enough in appeasing Hitlerite Germany. Mackenzie King and many others of the Canadian elite saw communism as a greater threat to Canada than fascism. As in Europe, the Canadian elite—Liberal or Conservative did not matter—was worried by the Spanish civil war (1936-1939). In Québec French public opinion under the influence of the Catholic Church hoped for fascist victory and the eradication of communism. In 1937 a Papal encyclical whipped up the Red Scare amongst French Canadian Catholics. Rejection of Soviet offers of collective security against Hitler was the obverse side of appeasement. The fear of victory over Nazi Germany in alliance with the USSR was greater than the fear of defeat against fascism. Such thoughts were either openly expressed over dinner at the local gentleman’s club or kept more discrete by people who did not want to reveal the extent of their sympathy for fascism.

The Liberal prime minister, William Lyon Mackenzie King, hobnobbed with Nazi notables including Adolf Hitler, and thought that his British counterpart Neville Chamberlain had not gone far enough in appeasing Hitlerite Germany

Even after the Nazi invasion of the USSR in June 1941, and the formation of the Grand Alliance against the Axis, there was strong reticence amongst the governing elite in Canada toward the Soviet Union. It was a shotgun marriage, a momentary arrangement with an undesirable partner, necessitated by the over-riding threat of the Nazi Wehrmacht.

“If Hitler invaded Hell,” Winston Churchill famously remarked, “I would make at least a favourable reference to the devil in the House of Commons.” Once Hitler was beaten, however, it would be back to business as usual. The Grand Alliance was a “truce”, as some of my students have proposed to me, in a longer cold war between the west and the USSR. This struggle began in November 1917 when the Bolsheviks seized power in Petrograd; it resumed after 1945 when the “truce”, or if you like, the Grand Alliance, came to a sudden end.

This was no more evident than in Canada where elite hatred of communism was a homegrown commodity and not simply an American imitation. So it should hardly be a surprise that after 1945 the Canadian government – Mackenzie King was still prime minister – should open its doors to the immigration of approximately 34,000 “displaced persons”, including thousands of Ukrainian fascists and Nazi collaborators, responsible for heinous war crimes in the Ukraine and Poland. These were veterans of the Ukrainian Insurgent Army (UPA), the Waffen SS Galicia and the Organisation of Ukrainian Nationalists (OUN), all collaborators of Nazi Germany during World War II.

Chrystia Freeland, the current Canadian minister for external affairs

The most notorious of the Nazi collaborators who immigrated to Canada was Mykhailo Chomiak, a mid-level Nazi operative in Poland, who came under US protection at the end of the war and eventually made his way to Canada where he settled in Alberta. Had he been captured by the Red Army, he would quite likely have been hanged for collaboration with the enemy. In Canada however he prospered as a farmer. His grand-daughter is the “Ukrainian-Canadian” Chrystia Freeland, the present minister for external affairs. She is a well-known Russophobe,persona non grata in the Russian Federation, who long claimed her grandfather was a “victim” of World War II. Her claims to this effect have been demonstrated to be untrue by the Australian born journalist John Helmer, amongst many others.

In 1940 the Liberal government facilitated the creation of the Canadian Ukrainian Congress (UCC), one of many organisations used to fight or marginalise the left in Canada, in this case amongst Canadian Ukrainians. The UCC is still around and appears to dominate the Ukrainian-Canadian community. Approximately 1.4 million people living in Canada claim full or partial Ukrainian descent though generally the latter. Most “Ukrainian-Canadians” were born in Canada; well more than half live in the western provinces. The vast majority has certainly never set foot in the Ukraine. It is this constituency on which the UCC depends to pursue its political agenda in Ottawa.

The Canadian Ukrainian Congress (UCC) president Paul Grod

After the coup d’état in Kiev in February 2014 the UCC lobbied the then Conservative government under Stephen Harper to support the Ukrainian “regime change” operation which had been conducted by the United States and European Union. The UCC president, Paul Grod, took the lead in obtaining various advantages from the Harper government, including arms for the putschist regime in Kiev. It survives only through massive EU and US direct or indirect financial/political support and through armed backing from fascist militias who repress dissent by force and intimidation. Mr. Grod claims that Russia is pursuing a policy of “aggression” against the Ukraine. If that were true, the putschists in Kiev would have long ago disappeared. The Harper government allowed fund raising for Pravyi Sektor, a Ukrainian fascist paramilitary group, through two organisations in Canada including the UCC, and even accorded “charitable status” to one of them to facilitate their fund raising and arms buying. Harper also sent military “advisors” to train Ukrainian forces, the backbone of which are fascist militias. The Trudeau government has continued that policy. “Canada should prepare for Russian attempts to destabilize its democracy,” according to Minister Freeland: “Ukraine is a very important partner to Canada and we will continue to support its efforts for democracy and economic growth.” For a regime that celebrates violence and anti-Russian racism, represses political opposition, burns books, and outlaws the Russian language, “democracy” is an Orwellian portrayal of actual realities in the Ukraine. Nevertheless, late last year the Canadian government approved the sale of arms to Kiev and a so-called Magnitsky law imposing sanctions on Russian nationals.

The Harper government allowed fund raising for Pravyi Sektor, a Ukrainian fascist paramilitary group

There is no political opposition in the House of Commons to these policies. Even the New Democratic Party (NDP), that burnt out shell of Canadian social democracy, supported the Harper government, at the behest of Mr. Grod, a Ukrainian lobbyist who knows his way around Ottawa. In 2015 the UCC put a list of questions to party leaders, one of which was the following: “Does your party support listing the Luhansk People’s Republic and the Donetsk People’s Republic as terrorist organizations?” The Lugansk and Donetsk republics are of course anti-fascist resistance movements that emerged in reaction to the violent coup d’état in Kiev. They are most certainly not “terrorist” organisations, although they are subjected to daily bombardments against civilian areas by Kiev putschist forces. Nevertheless, the then NDP leader, Thomas Mulcair, who would have agreed to almost anything to win power, answered in the affirmative. This must have been a moment of dismay for Canadians who still harboured illusions about the NDP as a progressive alternative to the Liberal and Conservative parties. How could it support a US/EU installed putschist regime which governs by intimidation and violence? In fact, it was a Conservative electoral strategy to obtain the votes of people of Ukrainian and East European descent by backing putschist Kiev and denouncing Russia. Mulcair was trying to outflank Harper on his right, but that did not work for he himself was outflanked on his left.

Some Canadians harboured illusions about the NDP as a progressive alternative to the Liberal and Conservative parties

In the 2015 federal elections the Liberals under Justin Trudeau, outwitted poor Mr. Mulcair and won the elections. The NDP suffered heavy electoral losses. Mulcair looked like someone who had made a Faustian bargain for nothing in return, and he lost a bid to remain as party leader. The Liberals campaigned on re-establishing better relations with the Russian Federation, but that promise did not hold up. The minister for external affairs, Stéphane Dion, tried to move forward on that line, but appears to have been stabbed in the back by Mr. Trudeau, with Ms. Freeland guiding his hand in the fatal blow. In early 2017 Dion was sacked and Freeland replaced him. That was the end of the Liberal promise to improve relations with the Russian government. Since then, under Freeland, Russian-Canadian relations have worsened.

The influential Mr. Grod appears to keep the Canadian government in his hip pocket. There are photographs of him side by side with Mr. Harper and then with Mr. Trudeau, with Ms. Freeland on his left. Mr. Grod has been a great success in backing putschist Kiev. Last summer Mr. Trudeau even issued a traditional Ukrainian fascist salute, “SlavaUkraini!”, to celebrate the anniversary of Ukrainian independence. The prime minister is a great believer in identity politics.

The influential Mr. Grod appears to keep the Canadian government in his hip pocket

The latest gesture of the Canadian government is to approve $1.4 million as a three year grant to promote a “Holodomor National Awareness Tour”. Ukrainian “nationalists” summon up the memory of the “Holodomor”, a famine in the Ukraine in 1932-1933, deliberately launched by Stalin, they say, in order to emphasise their victimisation by Russia. According to the latest Stalin biographer, Steven Kotkin, there was indeed a famine in the USSR that affected various parts of the country, the Ukraine amongst other regions. Kazakhstan, not the Ukraine suffered most. Between five and seven million people died. Ten millions starved. “Nonetheless, the famine was not intentional. It resulted from Stalin’s policies of forced collectivization…,” Kotkin writes, himself no advocate of the Soviet Union. Compulsion, peasant rebellion, bungling, mismanagement, drought, locust infestations, not targeting ethnicities, led to the catastrophe. “Similarly, there was no ‘Ukrainian’ famine,” according to Kotkin, “the famine was [a] Soviet[-wide disaster]” (Stalin, 2017, vol. 2, pp. 127-29). So the Liberal government is spending public funds to perpetuate a politically motivated myth to drum up hatred of Russia and to support putschist Kiev.

Identity politics and Canadian multiculturalism are now invoked to defend Ukrainian fascism celebrated in the streets of Kiev with torchlight parades and fascist symbols, remembering and celebrating Nazi collaborators and collaboration during World War II

The Canadian government also recently renewed funding for a detachment of 200 “advisors” to train Ukrainian militias, along with twenty-three million dollars—it is true a pittance by American standards—for “non-lethal” military aid, justified by Ms. Freeland to defend Ukrainian “democracy”. Truly, we live in a dystopian world where reality is turned on its head. Fascism is democracy; resistance to fascism is terrorism. Identity politics and Canadian multiculturalism are now invoked to defend Ukrainian fascism celebrated in the streets of Kiev with torchlight parades and fascist symbols, remembering and celebrating Nazi collaborators and collaboration during World War II. “Any country sending representatives to Russia’s celebration of the 70th anniversary of their victory against Adolf Hitler,” warned putschist Kiev in April 2015, “will be blacklisted by Ukraine.”

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“The further a society drifts from the truth,” George Orwell once said, “the more it will hate those that speak it.”

Well, here is one truth that Mr. Trudeau and Ms. Freeland will not want to hear, hate it or not: 42,000 Canadian soldiers, not to mention 27 million Soviet citizens, died during the war against the Axis. Memories must be fading, for now we have come to this pass, where our government is supporting a violent, racist regime in Kiev directly descended from that very enemy against which Canada and its allies fought during World War II.

Climate change alarmists are taking full advantage of the “Sudden Stratospheric Warming” (SSW) event, which occurred above the Arctic in mid-February, as further evidence that the world’s unpredictable and sometimes chaotic weather is jeopardizing humanity’s food security.

The split of the polar vortex, otherwise known as an SSW event, shifted the Arctic airmass to most of Europe as well as Western parts of North America. Climate alarmist pointed out that massive snowstorms in Europe, dangerous weather patterns in the United States, and rain in the Arctic demonstrates how extreme weather is altering seasonal growing patterns.

Here is what Bloomberg said, “the world was upside down: it was raining in the Arctic Circle and snowing in Rome,” as explained above, the SSW event has been the primary driver of chaotic weather since mid-February.

Researchers, activists, executives and government officials gathered in Longyearbyen, a small coal-mining town on Spitsbergen Island, in Norway’s Svalbard archipelago, to commemorate the 10-year anniversary of what has become known as the “Doomsday Vault,” which is an underground bunker buried deep inside a mountain where the world stores its plant seeds from apocalyptic consequences of climate change and war, said Bloomberg.

Last month, we reported how the Norwegian government is planning to allocate 100 million kroner ($13 million) in technical improvements to enhance the facility after it sprung a leak from melting permafrost — officials warned that climate change could put the facility at risk.

“Biodiversity is the building block to develop new plants and because of climate change we’re in a terrible need to quickly develop new varieties,” said Aaslaug Marie Haga, executive director of Crop Trust, a group established to support gene banks. “The climate is changing quicker than the plants can handle.”

The “Doomsday Vault” is a secure seed bank buried deep inside a mountain on the Norwegian island of Spitsbergen near Longyearbyen in the remote Arctic Svalbard archipelago. The underground bunker is a long-term seed storage facility, built to keep its three vaults cool for 200-years — and can survive natural or human-made disasters.

The “Doomsday Vault” serves as a storage facility for more than 850,000 seed samples, according to the Bloomberg, which the three vault rooms are cooled to -18 °C (-3 °F).

Bloomberg describes the organizations behind the “Doomsday Vault:”

The vault is run by NordGen, the Nordic gene bank. A total of 74 institutes globally have deposits, and only those that send seeds have access. One notable exception is China, which has not signed the treaty, and is creating its own seed and gene banks outside the international cooperation. Participants say the real fight to preserve biodiversity is at the local level. Crop Trust is seeking to build an $850 million fund to finance its efforts, a long way to go from its current level of $285 million. Its largest donors are the U.S., Germany and Norway, but it’s now looking more to private business for funding.

“We have to be prepared for the unknown,” Jon Georg Dale, Norway’s food and agriculture minister, said in his hotel in Longyearbyen during the event, where he was stuck after canceling a snow-scooter trip because of the thaw gripping the Arctic.

Some researchers, activists, executives, and government officials at the conference said there are no signs that the United States is backing away from its enviormental commitments, but did stress, Trump’s climate skepticism is concerning.

Ann Tutwiler, a former Obama-administration official who’s now head of Bioversity International, a global research group backed by more than 50 governments said, “businesses are becoming more aware of the problems of losing biodiversity.”

“The narrative of the 20th century was that we have to produce more food and that was all about a very narrow range of crops,” said Tutwiler. “Now because we have other issues we are trying to solve, such as climate and nutrition there’s a recognition you can’t do that with just those crops.”

Patrick Mulvany, an agriculturalist and adviser on biodiversity and food sovereignty said, ” the real efforts aren’t being made where they are needed the most: on the ground with the farmers who are not getting adequately compensated.”

“Unless that happens our future food is very insecure,” he said. “You can have as many seeds as you want locked up in the vault here but they deteriorate a little bit over time and they aren’t adapting to climate and new social pressures.”

It the minds of a climate change alarmist, well, never let a serious crisis go to waste. With the recent wild swings in weather across Europe and the United States, alarmists have come out of the woodwork — pushing their fear-mongering rhetoric of impending climate doom. But why? Well, perhaps, in the case of the “Doomsday Vault,” officials are looking for more government handouts to fund operations.

And there it is, the ah-ha moment: climate change alarmist preying on fear [climate change] to extract money from governments.

John Mauldin interviewed Fourth Turning best-selling author and demographics expert, Neil Howe about generational changes and their effect on the markets, during a session at the Strategic Investment Conference 2018. Howe said that demographics and generational factors have a huge impact on equity prices in the long run. Not only that, he thinks that there’s now a generational shift in wealth distribution that could spark major political and economic disruption.

Today’s Demographics Defies Conventional Wisdom

The main example Howe shared is that people in the 75+ age bracket still dominate stock ownership by far. This defies conventional wisdom that people reduce risk as they retire and leave the workforce. Meanwhile, Millennials have lower income and stock ownership levels than previous generations did at the same age.

This is a key change as senior adults once had the highest poverty rates. Younger people are now challenging that once-safe assumption.

Neil Howe

Howe also pointed out striking differences between early and late Baby Boomers. Those born in the mid/late 1940s inherited some of the Silent Generation’s wealth and good fortune. Late-stage Boomers born in the early 1960s score lower in all kinds of metrics.

Major Political and Financial Disruption Is Ahead

Neil Howe ended with an update on his Fourth Turning generational theory. He thinks we are about midway through it. From an economic standpoint, he foresees inflation fear and Fed tightening, which will be followed by a painful recession.

Politically, Millennials desperately want civic re-engagement. They are seeking to completely restructure institutions. The right wing is a brick wall on this subject and numbers have let them hold off the pressure so far. This will change as Millennials grow older and Boomers die.

Howe also pointed out that generational wealth transfer is going to be highly concentrated, reflecting current wealth inequality. Boomer wealth will flow to younger generations but the vast majority of Generation X and Millennials will get very little.

As that happens, Howe anticipates major disruption, by which he means ugly inter generational conflict.

WASHINGTON (Reuters) – U.S. President Donald Trump will not meet with North Korean leader Kim Jong Un unless Pyongyang takes “concrete actions,” the White House said on Friday as it faced criticism for agreeing to talks that would boost Kim’s standing.

President Trump’s choice of Cohn’s successor matters. Dollar policy sunk the Nixon, Ford, Carter, and Bush administrations and burnished the Reagan and Clinton administrations. If President Trump craves a shot at a landslide re-election in 2020 those aspirations may hinge on this appointment.

Saudi Crown Prince Mohammad bin Salman reportedly extracted $100 billion late last year from a group of dozens of Saudi royals and businessmen – many of whom were his own cousins – in a “corruption crackdown” that had all the makings of a naked cash grab.

After confining his countrymen to the Ritz Carlton Riyadh for months – even torturing some of those who initially refused to cooperate – the Prince won plaudits from the New York Times, but has been vilified elsewhere for his willingness to commit egregious human rights abuses – all to fill a hole in the Saudi budget.

Given the Saudi government’s reticence about the crackdown, it’s impossible to tell how much money was taken from each individual prisoner, making external evaluations of their post-crackdown wealth nearly impossible.

So perhaps it’s unsurprising that Forbes Magazine has decided to exclude all Saudi Arabian businessmen from this year’s list of the world’s 100 richest people. Last year, 10 Saudi nationals made the cut.

Out of the 10 Saudi billionaires who made the Forbes list last year, at least four were detained – the most recognizable being Prince Alwaleed bin Talal, pictured above, whose net worth last year was close to $20 billion.

As Forbes explains, given the Saudi government’s reticence, it’s impossible to tell how much money and assets were expropriated from each individual businessman.

Alwaleed and many others have been released, but checking out of the Ritz-Carlton cost billions. (Sources also told Forbes that Alwaleed is now banned from granting media interviews.) The Saudi government’s reported goal was to gather $100 billion to plug a hole in the budget that’s been growing amid years of low oil prices.

There are a thousand and one stories about what precisely happened, making it impossible to know definitively who gave how much to whom when. Forbes learned that at least one tycoon who was not detained handed over assets to the government.

Given these shifting sands of truth, we’ve chosen to leave all ten Saudis off our billionaires list this year; none would comment. With greater clarity regarding their wealth, some might eventually return to the ranking.

Here’s the list of Saudis that Forbes removed from this year’s list, accompanied by their last confirmed net worth (courtesy of Forbes)

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Prince Alwaleed bin Talal

$18.7 billion

Chairs publicly traded Kingdom Holding, which has investments in Lyft, Twitter, Citigroup and the Four Seasons.